343 E Bishop St, Bellefonte, PA 16823

Listing agent: Linda A. Lowe, Call 814-231-8200 for information. Units 345 & 343A have year lease until 8/2011, unit 343B is short term month to month (12/2010).  Unit 345 is 2 bdrms rents for $525/month & has oil hot water heat/boiler (installed 4 years ago).  Unit 343A is on the 1st floor, 1 bdrm & rents for $435/month & oil forced air heat.  Unit 343B is on the 2nd floor, is 1 bdrm & rents for $420/month (electric baseboard).  Tenants pay electric, heat, telephone, cable.  Landlord/owner pays water/sewer/refuse $510/quarter, taxes $2254/year & dwelling insurance $620/year.  Purchase price of $125,000 with a $100,000 loan, 30 years @ 6%, $600 P&I, $184/month taxes, $52/month insurance = $836/month + $170/month water, sewer & refuse = $1006 total monthly expenses (estimated), monthly rent income = $1380/month - $1006 monthly expenses = $374 (estimated) monthly income.